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Search Results 0 to 26 of about 27 (some duplicates have been removed)
coastal comeback. a look at the ambitious plan to buy homes destroyed by superstorm sandy. in today's cover story: after spending millions on super bowl ads, what is the corporate payoff? mark your calendars: the magic day to book a flight to snag the best deal. and, are investment clubs facing extinction? plus, getting down to business with sharon osbourne. what she's learned about finance from managing a rock star. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning everybody! it's tuesday, february 5th. i'm angela miles, and we hope you like our new look! topping our show today... dow 14,000: gone but not forgotten. traders & investors focused on selling stocks monday, causing the dow to pull back. the nasdaq and s&p 500 also fell along with commodities. the market was fretting over political scandal in spain and economic instabilitly in italy. yum! brands, the owner of kfc, pizza hut and taco bell, posted better-than-expected earnings by a penny, but revealed sales are slipping in china. reports say boei
by a left hook from super-storm sandy. now, new york governor andrew cuomo is proposing spendingon $400 million to buy up thousands of ruined homes so the property can be turned back into wetlands. what do the homeowners think? here's elaine quijano. >> for 11 years, joe monte worked two jobs and spent weekends renovating his statten island home. but weeks after he finished last fall, super-storm sandy swept eight feet of water inside. what did you think the first time you saw the damage from sandy? >> i came into the house with paper towels and fantastic. i stood in the middle of the room, and i called my wife and i told my wife, "there's nothing to clean here. there's nothing to do. it's done." >> reporter: monte welcomes new york governor's andrew cuomo's proposal to buy up properties like his in flood-prone areas. >> this isn't my dream. the poison that's in this home the destruction that took this neighborhood. how could you even stay here and live in this neighborhood? >> reporter: but about 30 miles away in long beach, new york fran adelson plans to rebuild. she too lost almost e
blow to areas of the east coast still recovering from superstorm sandy. >> hurricane sandy cost the economy a $100 billion and the recovery efforts are still going on. so, it could delay some rebuilding activity... activity >> reporter: in new york city and elsewhere, preparations are being made for clean-up. >> we have more than 250,000 tons of salt on hand. >> reporter: according to the long island power authority, the storm has the potential to cause power outages for 100,000 customers on long island. and for the first time ever, lipa is deferring storm operations and response to its subcontractor, national grid. but in manhattan today, it was mostly business as usual, although many workers did try to leave early to beat the snow. and if the snowfall is anywhere close to the storm of '78, you'll see the impact in economic data in the weeks ahead. >> usually major storms cause increased volatility in economic data. so, that jobless claims jump significantly in the beginning as government offices close, because of the storm. and they surge back up after the offices reopened. >>
superstorm sandy which knocked heat and power out for millions of customers. i'll speak with the head of one of the biggest power companies in the northeast and president obama now warning that drastic spending cuts could have a devastating effect on the economy. you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. winter storm nemo striking with full force. we've got full team coverage. jackie d'angelis is standing by outside headquarters and mary thompson is outside a home depot in new jersey and jay gray is live tonight in boston. jackie, kick things off for us. >> reporter: good afternoon. moments ago governor cuomo declaring a state of emergency. as of now subways in manhattan with fully running and fully functional but we could see closures if things get worse later on
of storm. i say emotional because in this area we are still recovering from superstorm sandy. the same kind of things in this situation now people have had to go out, stock up on supplies, getting food, getting gas, et cetera, preparing for the worst and economic impact we could see a boost from that stocking up. at the same time, if we have a white out tomorrow, it will probably balance out, according to economists. sue and tyler, back over to you. >> thank you very much, jackie. so who will be the sector winners and losers from this big storm? let's bring in the weather channel's paul walsh. he is taking a look at some of the retailers. paul? >> yep. hey, tyler, how are you? >> what areas do you think would be the winners in this, in terms of retail? >> you know, there's been this interesting conversion in increasing or increasing ability to predict these kind of storms so we have been talking about the storm since tuesday. and when you overlay with that the new media channels that we have, it provides a voice to consumers in the area impacted that hasn't been there before. what that mean
quarter sales and margins will be weak, blaming super-storm sandy, and disappointing products at its loft tores. wshloesarere hit, falling 7.9%. the stock has been trendinges lower since september. res oian tmohs moreanhns aboutch the impact of sandy.. another specialty women's retailer, limited brands fell 3.3%. stspe eritngro than expected january sales, it did not keptng qurs eruathlohert toke.sam e.m reporting better than expected january results didn't help this trio either. gap same store sales growth was double what was expected but shares fell 3%. kohl's was down 1%. .6 0et sli%.ed trading volume was heavier for .6hebotof tm. four of the five most actively traded exchange traded funds were lower with the emerging markets fund losing 0.9%. the nasq 100 tracking fund squeaked out a small gain. and that's tonight's "market focus." n >> tom: when the final international trade numbers for america are released tomorrow, it will likely show overseas sales of u.s. made goods last year hit a record. that's good news for american manufacturing, and their investors. we spoke with doug burntn
. >>> areas hard hit by superstorm sandy are about to get slammed again by blizzard conditions. sandy are about to get slammed again by blizzard conditions. it's february 8th. captions paid for by abc, inc. >> from abc news, this is "world news now." >> good friday morning, everybody. a busy start to the weekend. that's right. i'm rob nelson. >> and i'm diana perez. accuweather predicts hurricane force winds and two feet of snow. that's our top story. >>> another major headline, the all-out search for an ex-cop accused of killing three people. his motives and threats as southern california is under siege. >> such a frightening story and really a national manhunt at this point. >>> also this morning a "world news now "follow up as lawmakers demand tighter gun regulations. there is a new focus on mental health care. hear from an outspoken minnesota sheriff who is now leading that discussion. >>> and the need for speed. the fearless skateboarder who is in trouble after he took a joyride on busy streets going up to 43 miles an hour. lots of downhills, i'm assuming. >> looking good. all ri
. it was expected to lose money. super-storm sandy cost allstate just over $1 billion. after closing unchanged, shares were up almost 3% in late trading, but supplemental insurer aflac fell 4.3%. it's revenues came up just shy of expectations. there was a multi-billion dollar drug deal today over multiple- sclerosis drug tysabri. bioden idec will buyout elan's interest in the drug, giving elan $3.75 billn in cash. biogesharesallied 2.3% to a new 52 week high. elan fell more than 10% as it gives up its interest in the medicine. three of the five most actively traded exchange traded funds were weaker. the japan e.t.f. had the best showing, up 1.3%. and that's tonight's "market focus." >> susie: don't call it "diet food" because it's the new definition of fast food. we're talking about low calorie meal replacement and its becoming big business. from national brands to small local startups, its getting easier to buy healthy pre-made meals, as long as you are willing to pay the price. thestreet's debra borchardt has more. >> reporter: it's no secret that americans are fighting a losing battle with
and sharply higher on catastrophe losses due to superstorm sandy. operating results and network premiums topped analyst analysts. prudential financial also missed. maria, we'll keep you updated as more news crosses. >> thank you. neither snow nor rain nor heat nor gloom overnight can stop the poufs. oh, no, saturday can. the postal service plans to stop saturday delivery of first class mail for good. details on that next and find out which industry plans to benefit from the paufss cutback. you'll never guess what it is. and if you love your kids, should you write them out of your will? one multi-millionaire seems to suggest yes. that's a story coming up next. stay with us. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where i
the stock to the upside and superstorm sandy, everybody was fighting tooth and nail to get generators. a great stock. charles: a great stock and unfortunately in this new year of superstorm that will continue to be. the theme of the day as the new normal. economists predicting 2.4% growth in the u.s. economy and that is for the entire year. voters are looking on the bright side. in new fox news poll shows more than half think the worst is yet to come when it comes to the economy. joining the company from chicago is tres knippa. i am going to guess these numbers don't surprise you. >> what is often the policymaking standpoint is when policymakers make decisions, then that policy or that decision doesn't work you know we keep getting fed by the economists? we clearly didn't do enough of it. we should be learning from what is going on in japan. as you increase government debt and increased debt to gdp ratio and increase taxes it slows your economy down. 100% of the time. why can we not learn from the mistakes the japanese economy today is the same size that it was in 1991 yet they have e
the northeast just months after superstorm sandy? say it isn't sew. the latest forecast is coming up. first as we do every day this time of day let's look how oil is trading. it is down a little bit. $95.94 a barrel. we'll be right back. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announc ] cleaner, fresher, brighter every day. tracy: the nation's largest and longest running auto show kicks off today in chicago. our very own jeff flock is there because he always gets the best assignments with the president and ceo of chrysler. hey, jeff. >> what i didn't report to you he is also the president, as many people at chrysler are they have multiple hats. he used to have three. only has two. president and ceo of chrysler and the other brand. >> correct. >> you're like everyone at chrysler working very hard? >> we try to do our best keeping ourselves busy. >> what i'm seeing here various chrysler 300 ve
following superstorm sandy along the coastline. guys, fema also getting involved, monitoring the storm from washington, d.c. but telling locals to please heed the warnings throughout the northeast. back to you. tracy: anna kooiman, you heed the warnings as well. stay warm, girl. >> heading inside. ashley: run. anna, thank you very much. it is quarter past. time to check the markets as we do always with nicole petallides on the floor of the new york stock exchange. tech stocks driving gains we're seeing today. >> as you know, tech stocks we talk about the tech-heavy nasdaq right? the nasdaq composite is up 1% versus the other indices. aol, talk about aol. their shares are surging on the heels of their earnings we've been seeing. when you talk about advertising revenue growth, that certainly has been stellar for aol. they also have the 100 million dollar buyback program. here it is, up 7%, to 33.60. up $2.19. ceo as i noted earlier will be on with liz claman in the 3:00 p.m. show. tim armstrong. linkedin, another name on the move. all-time highs. when you talk about the ipo, remember the ipo
of superstorm sandy. this is the best story of the night. he's the reason he's our favorite story of the day. it comes to us from new york suburb of union city, new jersey. >> that is where 9-year-old petey, a student at the st. francis academy grammar school. he wanted to help those hit hard by the storm, so he sold bracelets with the proceeds going to the victims. he turned over a check to the red cross yesterday for $3,335. he even dipped into his own allowance to help raise all that money. good going, petey. nice guy, good work, good cause. well done, sir. >> what a sweetie pie. >>> coming up, the 49ers player who admits he'll never forget sunday's super bowl loss. >>> and getting rid of that baby weight after pregnancy. an expert trainer's advice that could keep expectant moms in the gym. you're watching "world news now." hd-3. >>> skiing champion lindsey vaughn suffered a season ending injury in a crash yesterday in austria. vaughn landed on a jump hard, then took a tumble face first down the mountain. you could hear her screaming as she was sliding, and for good reason. she suffered t
Search Results 0 to 26 of about 27 (some duplicates have been removed)

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